Host Hotels & Resorts Management Discusses Q4 2011 Results - Earnings Call Transcript

Host Hotels & Resorts (HST)

Q4 2011 Earnings Call

February 14, 2012 10:00 am ET

Executives

Gregory J. Larson - Executive Vice President

Larry K. Harvey - Chief Financial Officer and Executive Vice President

Analysts

Eli Hackel - Goldman Sachs Group Inc., Research Division

Robin M. Farley - UBS Investment Bank, Research Division

Joshua Attie - Citigroup Inc, Research Division

Smedes Rose - Keefe, Bruyette, & Woods, Inc., Research Division

William A. Crow - Raymond James & Associates, Inc., Research Division

Harry Curtis - Nomura Securities Co. Ltd., Research Division

James W. Sullivan - Cowen and Company, LLC, Research Division

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Host Hotels & Resorts, Inc. Fourth Quarter 2011 Earnings Conference Call. Please note, today's conference is being recorded. At this time, I'd like to turn the conference over to Mr. Greg Larson, Executive Vice President. Please go ahead, sir.

Gregory J. Larson

Well, thank you. Welcome to the Host Hotels & Resorts Fourth Quarter Earnings Call. Before we begin, I'd like to remind everyone that many of the comments made today are considered to be forward-looking statements under federal securities laws. These statements are subject to numerous risks and uncertainties that could cause future results to differ from those expressed, and we are not obligated to publicly update or revise these forward-looking statements.

Additionally, on today's call, we will discuss certain non-GAAP financial information such as FFO, adjusted EBITDA and comparable hotel results. You can find this information in today's earnings press release, in our 8-K filed with the SEC and on our website at hosthotels.com.

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